24H Hot Coins & Key News｜US-Iran Agreement Text Enters Final Polishing Stage; SpaceX Officially Files IPO Application (May 21)

1. Hot CEX Tokens

CEX Top 10 by Trading Volume & 24h Change:

• BTC：+ 1.61%
• ETH：+ 1.67%
• ZEC：+ 17.56%
• SOL：+ 2.94%
• XRP：+ 1.81%
• BNB：+ 2.19%
• SUI：+ 8.1%
• EDEN：+ 54.01%
• ALT：+ 10.57%
• DOGE：+ 1.88%

24-Hour Gainers (Data Source: OKX):

• JTO： + 32.1%
• PROS： + 19.89%
• 2Z： + 19.73%
• LIT： + 19.41%
• DASH：+ 18.77%
• HYPE： + 18.43%
• ZEC： + 17.37%
• AVNT： + 14.58%
• ZEN： +13.79%
• NEIRO：+ 13.09%

24-Hour Stock-Gainers (Data Source: msx.com):

• ORBS：23.29%
• HIVE：18.51%
• MX：17.17%
• ARM：16.42%
• ALAB：16.19%
• APLD：16.08%
• QUIK：14.17%
• USAR：13.3%
• FGNX：11.88%
• AMC：11.76%

2. Hot On-Chain Memes (Data Source: GMGN):

• ETH：sato、uPEG
• Solana：HENRY、SpaceX
• BNB：CMC、背手负鼠

Headlines

Final Edits Underway on US-Iran Agreement Text, Could Be Announced Within Hours

Odaily News Sources indicate that parties are working diligently on final revisions to the agreement text between Washington and Tehran. The Pakistani Army Chief of Staff may visit Iran tomorrow to announce the finalization of the text. If not, the final version of the agreement could be declared complete within hours. The next round of negotiations is scheduled to take place in Islamabad after the Hajj season. Following the news, both US and Brent crude oil fell by over $1 in short order, while spot gold rose nearly $30, reaching a high of $4,502.89 per ounce. (Jin Shi)

Iran Confirms Receipt of US Proposal, Yet to Respond

Odaily News According to Iran's Tasnim News Agency, in response to Iran's 14-point proposal submitted three days ago, the United States has sent a new proposal to Iran. Iran is reviewing the proposal and has not yet responded. Pakistani mediators are attempting to help bridge differences, and a final agreement has not yet been reached. (Jin Shi)

Trump's Digital Assets Advisor: US Bitcoin Strategic Reserve Announcement Expected Within Weeks

Odaily News Patrick Witt, advisor to Trump on digital assets, stated that the Trump administration has cleared significant legal hurdles and expects to announce the Bitcoin strategic reserve within the next few weeks. The US government has everything in place, legally secured, and properly protected these Bitcoins. The US government believes it should be part of the financial architecture, representing the strongest institutional endorsement. There is now a real opportunity to lead. Many would say that banks may actually need this legislation more than the crypto industry. This will be the new architecture for the future financial system. If the US doesn't set the rules, it will have to follow someone else's rulebook.

SpaceX Officially Files for IPO, Issue Size and Valuation Undisclosed

Odaily News Elon Musk's SpaceX has unveiled plans for its largest-ever IPO, providing investors with comprehensive details of the company's finances, which span rocket launches, satellite broadband, and AI businesses. According to the prospectus filed with the SEC on Wednesday, the company reported sales of $4.7 billion and an operating loss of $1.9 billion for the first three months of this year. Musk will hold 85.1% of voting power post-IPO. The company also plans to engage in mining operations on near-Earth asteroids. The filing also shows that Anthropic will pay SpaceX $1.25 billion monthly until May 2029. While the issue size and proposed valuation have not been disclosed, media reports previously indicated SpaceX discussed raising approximately $75 billion at a $1.75 trillion valuation. SpaceX will list on the Nasdaq under the ticker SPCX. (Jin Shi)

Goldman Sachs and Morgan Stanley Handling OpenAI's IPO Documents, Filing May Come as Early as Friday

Odaily News OpenAI has been working with investment banks to prepare for filing its initial public offering (IPO) in the coming days or weeks. Banks including Goldman Sachs and Morgan Stanley are assisting OpenAI in drafting the IPO prospectus. The company plans to confidentially submit documents to regulators soon, possibly as early as this Friday. According to some sources, OpenAI aims to list as early as September, though plans remain subject to change. Earlier this week, OpenAI cleared a major hurdle on its path to an IPO, winning a legal dispute against co-founder Elon Musk, who has since become a rival of CEO Sam Altman. Musk stated he plans to appeal the ruling. OpenAI still needs to overcome a series of other challenges, primarily concerns about its ability to generate sufficient revenue to support its massive data center expenditure commitments. (WSJ)

Anthropic Funding Documents Reveal: Q2 Revenue Expected to Reach $10.9 Billion, First-Time Operational Profitability

Odaily News According to a WSJ report, Anthropic's revenue is expected to reach $10.9 billion in the second quarter, more than doubling from $4.8 billion in Q1, and the company expects to achieve operational profitability for the first time. Due to its massive computing needs, the company may not maintain profitability throughout the entire year. Operational profit already accounts for the cost of training new models but excludes stock-based compensation. Anthropic disclosed these figures to investors as part of an ongoing funding round, which is likely to push its valuation above that of OpenAI. Last summer, Anthropic shared financial data with investors showing the company might not achieve full-year profitability until at least 2028. Previously, the Financial Times reported that Anthropic is considering raising tens of billions of dollars this summer to fund large-scale expansion of computing capacity. Sources expect the new round's pre-money valuation to be around $900 billion, with a fundraising amount of up to $50 billion, potentially closing within two months.

Industry News

Elon Musk: SpaceX in Discussions with Other Companies for Similar Computing Services like Anthropic

Odaily News Elon Musk stated on X that, as demonstrated by the recently expanded partnership with Anthropic, SpaceX is offering "AI compute as a service" at a considerable scale. SpaceX is also in discussions for similar collaborations with other companies. Over time, especially as orbital data centers come online, SpaceX expects to be able to serve AI on an immense scale. Previously, Anthropic and SpaceX reached an agreement earlier this month, where Anthropic will use the entire computing capacity of SpaceX's Colossus1 data center. This will provide Anthropic with over 300 megawatts of new computing power (equivalent to over 220,000 NVIDIA GPUs) within a month, directly improving the user experience for Claude Pro and Claude Max subscribers.

Samsung Signs Tentative Wage Agreement with Union

Odaily News Market news: Samsung has signed a tentative wage agreement with its union. The union leader apologized for causing public concern and stated they will do their utmost to stabilize labor relations at Samsung. (Jin Shi)

Alibaba's Tongyi Qianwen Model Qwen3.7-MaX Released

Odaily News At the Alibaba Cloud Summit, the Qwen3.7-MaX model was released. It features improvements in core model capabilities such as language understanding and generation, logical reasoning and calculation, knowledge base and common sense, and instruction following and alignment. It supports multiple Harness frameworks. (Jin Shi)

Truth Social Withdraws Three Crypto ETF Applications

Odaily News Yorkville America, the asset management company behind Trump's Truth Social, announced the withdrawal of three crypto ETF applications previously submitted to the SEC. These included the Truth Social Bitcoin ETF, a Bitcoin & Ethereum ETF, and a Crypto Blue Chip ETF. The company stated it would shift from the framework of the Securities Act of 1933 to the Investment Company Act of 1940 to offer more innovative products with stronger investor protection and tax advantages. However, it did not explicitly state whether it would continue to pursue crypto ETFs under the new framework. (Cointelegraph)

Project News

Polymarket Files Self-Certification with CFTC for Sports Event Parlay Contracts in the US

Odaily News Prediction market provider Polymarket filed a self-certification document with the US Commodity Futures Trading Commission (CFTC) on Wednesday, applying to list sports event parlay contracts (multi-condition combination prediction contracts) in the US. Polymarket stated that the product is composed of two or more underlying sports event contracts. The contract settles at $1 only if all set sub-event outcomes occur; otherwise, it settles at zero. The filing indicates the listing would not be before May 21, 2026. Another document reveals that Polymarket, citing trade secrets, has requested the CFTC to keep related exhibits confidential. (CoinDesk)

Copper Seeks Company Sale at ~$500 Million Valuation, Cantor Fitzgerald Assisting

Odaily News Sources reveal that crypto custody company Copper is seeking to sell the company at a valuation of approximately $500 million. Investment bank Cantor Fitzgerald has been appointed to assist with the sale. Copper's core asset is the ClearLoop settlement system, which allows network participants to complete Delivery versus Payment (DvP) within custody without moving assets on-chain, thus reducing settlement risk. Copper closed its corporate custody business in 2023 to focus on ClearLoop for institutional clients. Earlier this year, Copper considered an IPO, but the crypto IPO market has seen limited progress this year against the backdrop of Bitcoin trading below $80,000 and most capital being attracted to the AI sector. (CoinDesk)

HYPE Breaks $55, ~7% Away from All-Time High

Odaily News According to OKX market data, HYPE rose past $55, currently trading at $55.1, with a 24H increase of over 15%. HYPE's all-time high is $59.5. The current price is approximately 7.4% away from its historical peak.

WLFI Treasury Company AI Financial Reports Q1 2026 Net Loss of $271.5 Million, Faces Going Concern Risk

Odaily News AI Financial, the treasury company for WLFI, reported a net loss of $271.5 million for the first quarter of 2026, compared to a loss of $2.4 million in the same period last year. As of March 28, the company had a working capital deficit of approximately $5.5 million, with total liabilities of $391,000 and total assets of $322,000, raising substantial doubt about its ability to continue as a going concern within one year. As the WLFI treasury company, AI Financial held 7.3 billion WLFI tokens as of March 28, valued at $703.4 million. This value has fallen by a third from over $1 billion at the end of December last year, resulting in an unrealized loss of $348.3 million, compared to the company's cost of acquiring the tokens of nearly $1.46 billion. Additionally, the company borrowed nearly $15 million from WLFI in January. Its stock closed down nearly 6.3% at $0.85 on Tuesday. (Cointelegraph)

Lighter Completes L2 "Escape Mechanism" Verification, Enabling Users to Withdraw to Mainnet During Sequencer Failure

Odaily News Lighter announced on X that it has completed the "Escape Mechanism" verification conducted by third-party L2BEAT. This means that even if the sequencer on the L2 layer fails, users can permissionlessly withdraw funds back to Ethereum from Lighter's L2. Lighter claims to be the first L2 Perp DEX in the industry to achieve this functionality.

Multiple Bankr User Wallets Compromised, Involving Unauthorized Transaction Signatures from Grok and Bankrbot Interaction

Odaily News According to monitoring by SlowMist's Chief Security Officer Cos, multiple user wallets of Bankr have been compromised. @bankrbot responded that the incident was a social engineering attack targeting the trust layer between automated agents, specifically involving interactions between Grok and Bankrbot, leading to unauthorized transaction signatures.

Investments & Fundraising

Mouro Capital Closes $400 Million Fund, to Invest in AI and Blockchain

Odaily News Mouro Capital, the fintech venture capital fund under Santander, announced the first closing of its third fund at $400 million. The investor is also Santander. The fund will prioritize investments in areas like artificial intelligence and blockchain, capital markets, and wealth management, targeting the deep intersection of financial services, AI, and enterprise software. Mouro Capital previously participated in an investment in DeFi platform M^ZERO. (Ventureburn)

Exa Labs Raises $250 Million in New Funding Round Led by a16z

Odaily News AI search startup Exa Labs has raised $250 million in a new funding round led by a16z, valuing the company at $2.2 billion post-investment. The company focuses on building AI-era search engine infrastructure. After this round, its valuation has more than tripled from approximately $700 million last autumn. Industry participants believe that as AI popularization accelerates, the traditional search industry landscape dominated by Google may be reshaped. (Bloomberg)

Fintech Company Mercury Raises $200 Million from a16z, Sequoia Capital, and Others

Odaily News Fintech company Mercury announced it has raised $200 million in a new funding round led by TCV, with participation from Sequoia Capital, Andreessen Horowitz (a16z), and Coatue Management. Mercury primarily provides banking services for startups. It currently serves over 300,000 customers